lend. colin barr, a senior writer. good to see pup thanks for being with us. >> thank you. >> is there anything that these world financial regulators can do orave done that p could actually prevent what happpenie two years ago from happening again? >> they're on the right track. saying you have to hold more money. not going to have another situation whereveryone levers up to the sky. >> right. >> that's important. the other thing is that the experience in 2008 was bad for everyone. even for the bankers who kept their bonuses. >> sure. >> people didn't like having their -- >> nobody wants this happening again. >> right. >> tell me has you mean when yoe say -- we talk about this generally but talk about not being so levered up, not having so much leverage. what does that mean? to my viers what does that all mean? >> all the banks borrowed so much money, easy to borrow, very cleep. everyone assumed there would never be another banking crisis or recession, some thought. some thought we, everything was